Ventura Cigar Co. has increased the price of its PSyKo Seven lines of cigars.
The company says that the new pricing, which went into effect on Dec. 1, “had to be implemented due to rising material costs in the industry.” The new pricing is an 18 percent increase compared to the previous MSRPs.
For consumers, the PSyKo Seven Natural, Connecticut and Maduro lines will now have MSRPs of $8.99-$10.99 per cigar, while the PSyKo Seven Nicaragua has MSRPs of $9.49-$11.49 per cigar.
Ventura Cigar Co. is part of Kretek International.
Between now and Feb. 1, 2022, many companies are expected to announce and implement price increases. Some have begun the process of informing retailers that increases are coming, but many have not disclosed the details of the pricing adjustments.
The following chart is a live look at what companies have announced price increases or no price increase for 2022.